Anheuser-Busch InBev SA/NV’s (BUD) Buy Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their buy rating on shares of Anheuser-Busch InBev SA/NV (NYSE:BUD) in a research note published on Friday,MarketScreener reports.

Several other brokerages have also recently commented on BUD. Royal Bank Of Canada reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Friday. Jefferies Financial Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Wednesday, October 8th. The Goldman Sachs Group reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Thursday, September 25th. Kepler Capital Markets cut Anheuser-Busch InBev SA/NV from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Anheuser-Busch InBev SA/NV in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.00.

Anheuser-Busch InBev SA/NV Stock Up 0.6%

BUD stock opened at $59.56 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.64 and a quick ratio of 0.48. The stock has a market capitalization of $116.29 billion, a P/E ratio of 16.73, a P/E/G ratio of 1.72 and a beta of 0.76. The business has a 50-day moving average of $60.35 and a 200-day moving average of $64.67. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $72.13.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last posted its quarterly earnings data on Thursday, July 31st. The consumer goods maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.04. Anheuser-Busch InBev SA/NV had a return on equity of 16.21% and a net margin of 12.16%.The firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 earnings per share. On average, sell-side analysts anticipate that Anheuser-Busch InBev SA/NV will post 3.37 earnings per share for the current fiscal year.

Institutional Trading of Anheuser-Busch InBev SA/NV

A number of hedge funds have recently made changes to their positions in the business. Sage Rhino Capital LLC raised its position in shares of Anheuser-Busch InBev SA/NV by 5.1% in the second quarter. Sage Rhino Capital LLC now owns 3,477 shares of the consumer goods maker’s stock worth $239,000 after buying an additional 170 shares in the last quarter. Vontobel Holding Ltd. grew its stake in shares of Anheuser-Busch InBev SA/NV by 2.3% during the first quarter. Vontobel Holding Ltd. now owns 7,678 shares of the consumer goods maker’s stock valued at $473,000 after buying an additional 174 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Anheuser-Busch InBev SA/NV by 1.1% during the first quarter. Crossmark Global Holdings Inc. now owns 16,991 shares of the consumer goods maker’s stock valued at $1,046,000 after buying an additional 179 shares during the last quarter. Huntington National Bank grew its stake in shares of Anheuser-Busch InBev SA/NV by 16.3% during the second quarter. Huntington National Bank now owns 1,387 shares of the consumer goods maker’s stock valued at $95,000 after buying an additional 194 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Anheuser-Busch InBev SA/NV by 14.4% in the second quarter. UMB Bank n.a. now owns 1,719 shares of the consumer goods maker’s stock worth $118,000 after purchasing an additional 217 shares during the last quarter. 5.53% of the stock is owned by institutional investors and hedge funds.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.